Samlunch
10-02
$SPDR S&P 500 ETF Trust(SPY)$  $Invesco QQQ(QQQ)$  


πŸ“ˆ $SPY BEAR GAP OPENS!

⚠️ ADP and $TSLA numbers out pre market tomorrow.

β€’ Every drawdown seems extremely controlled here if level to level plays.

β€’ Yesterday SPY level 569.5 held and closed as a hammer after the test with market closing at the highs for Q3.

β€’ Today it lost and quickly moved down to 566.5.

β€’ I do expect the test of 563-560 range which coincides with the bull gap fill but I do not see anything under it for the week.

β€’ Higher low cultivation and just play the intra day trend on this volatility. $VIX is at the upper end of the range.

β€’ As I have said this during the Russia-Ukraine war, war dips are extremely bullish. [Ya-ya-ya this time is different?!?!?]


Will October Hit New Highs or Repeat October Effect?
U.S. stocks plunged on the first day of October trading as UVXY surged 11%. The Nasdaq and S&P 500 fell about 1%. A senior U.S. White House official said there are indications that β€œIran is preparing to launch a ballistic missile attack on Israel.” August and september also started the month with a big drop and bounced back. Will october repeat the same trend? Are you ready for October effect or October high? Which is more possible to happen? What's your trading plan for October? Avoid high volatility or embrace it?
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